SOBHA Limited has released its investor presentation for the quarter and half year ended September 30, 2025. The presentation highlights a disciplined growth strategy backed by strong sales, record cash flow generation, and a healthy net cash balance sheet. It provides insights into the company’s financial performance, operational achievements, project updates, and future outlook.
H1 FY26 Financial Highlights
SOBHA Limited reported a sales value of ₹39.81 Bn for H1 FY26. The total operational cash inflow was ₹38.24 Bn. The total revenue stood at ₹23.71 Bn. The company’s gross debt as of September 30, 2025, was ₹10.10 Bn, with a net cash position of ₹7.51 Bn and an average interest cost of 8.25%.
Operational Performance
The company completed 2.25 Mn sft in H1 FY26, including 13 towers, 9 villas, and 1 plotted development. New launches amounted to 1.65 Mn sft across 3 projects in 2 cities. The company’s Real Estate operations have expanded to 12 cities. The credit rating is AA- Positive, with an outlook upgraded by Ind-RA.
Sales and Operations Analysis
Bangalore and NCR contributed significantly, accounting for 86.0% of the total sales in H1 FY26. In Q2 FY26, 770 homes were sold, with a total saleable built-up area of 1,394,106 sft. Average price realization was ₹13,648/sft. Bangalore sales grew 2.2x compared to the previous quarter, reaching ₹13,264 mn.
Cashflow and Financial Position
The real estate collection was ₹34,445 mn in H1 FY26, a 31.8% increase over the same period in FY25. Net operational cashflows improved by 79.6%, reaching ₹9,085 mn. Net land payments amounted to ₹6,320 mn, an increase of 93.1%. After a dividend payment of ₹321 mn, a net cashflow of ₹1,203 mn was generated in H1 FY26.
Real Estate Project Completions
Key project completions in H1 FY26 include Sobha Manhattan Towers, Sobha Royal Pavilion, and Sobha Victoria Park. These projects span 2.25 mn sft, a 25.9% increase compared to H1 FY25.
Developable Land Bank
The company has a developable land bank of 403 acres. Bangalore accounts for 51% (205 acres) and Tamil Nadu accounts for 19% (77 acres). The total development potential is 41.58 Mn sft.
Source: BSE
